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Charlotte NC| Home Real Estate Market Report, No BUBBLE HERE!

January 28th, 2007 Listed Under: Everything Else

there is NO Bubble in Charlotte!� With all the talk of a nationwide real estate “Bubble” I thought I’d post our unofficial numbers for 2006. Look for your self, there is no Bubble here:

2005* there were 33,866 sales, with an average price of 217,681

2006* there were 37,337 sales, an average price of 229,085

So that’s a 10% increase in the number of sales, and a 5.23% appreciation in average sales price… And the average Days on Market improved too, from 94 in 2005, to 84 in 2006.

Altogether a very solid and healthy year.
*Straight from the MLS, single family homes only.

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Terry McDonald
I'm the owner/team leader of The McDonald Group at Wilkinson and Associates ERA Powered real estate brokers here in Charlotte NC. A transplanted Washinghtonian, my family and I came from the NYC area in 1993.
Terry McDonald
Terry McDonald

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified